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Explain 80-20 percent coinsurance clause

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Ashley has an individual medical expense insurance policy with a $1,000 calendar-year deductible and a 80-20 percent coinsurance clause. Ashley had outpatient surgery to remove a bunion on her foot and incurred medical bills of $10,000.

(a) Explain 80-20 percent coinsurance clause in a medical expense insurance policy.

(b) How much will Ashley's insurer pay? Show your calculations.

(c) How much will Ashley have to pay in total? Show your calculations.

Reference no: EM132911418

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